By 2045, the price of Bitcoin (BTC), the world’s largest cryptocurrency by market cap, might reach the ambitious $13 million level. Bitcoin bull Michael Saylor made this forecast while speaking in front of thousands of attendees at the Bitcoin conference in Nashville, Tennesse.
$13M Per BTC By 2045: Michael Saylor’s Price Target
It comes as no surprise that Michael Saylor remains extremely bullish on Bitcoin, and the MicroStrategy founder didn’t disappoint on Friday, saying he sees the world’s largest crypto’s price rising to $13 million by 2045 in his base case scenario.
Delivering a keynote address at the ongoing Bitcoin 2024 conference, Saylor indicated that BTC’s macroeconomic stars have aligned to propel Bitcoin’s market cap to $280 trillion by 2045. That’s an appreciation of over 275X from its current market capitalization of around $1.3 trillion. At that $280 trillion capitalization, the BTC price would get to Saylor’s base case of $13 million in 21 years and account for 7% of all global wealth.
While urging attendees at the annual conference to become “triple maxi” Bitcoin bulls, the MicroStrategy Chairman said BTC could be valued at as much as $49 million and account for 22% of global wealth in a bull case, while his bear case was a value of $3 million (or 2% of global wealth).
By 2045 the dollar will not exist. pic.twitter.com/NIooxZGJeS
— Samson Mow (@Excellion) July 27, 2024
The Superior Asset
It is estimated that Saylor currently owns over $1 billion in Bitcoin personally, and MicroStrategy has emerged as the world’s largest corporate holder of BTC, accumulating a Bitcoin stash of 226,331 coins since late 2020, worth around $15.4 billion.
According to Saylor, all physical capital, including government-backed debt, Ferraris, and Miami Beach real estate, is subject to the laws of thermodynamics, including entropy or energy’s tendency to evaporate over time.
“Entropy is diluting the value of physical assets. It’s sucking the capital, the energy out of them,” Saylor explained, citing “war, famine, and catastrophe” as other factors that reduce the value of normal assets in the long run.
He asserted that Bitcoin is the exception. “Bitcoin is immortal, immutable, and immaterial, […] and it is the solution to our economic dilemma,” Saylor posited, adding that the maiden crypto is “not in the physical world” and has “an infinite lifespan.”
